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Martinez Company's ending inventory includes the following items. Product Units Cost per Unit Market per Unit Helmets 42 $ 64 $ 60 Bats 35 82
Martinez Company's ending inventory includes the following items.
| Product | Units | Cost per Unit | Market per Unit |
|---|---|---|---|
| Helmets | 42 | $ 64 | $ 60 |
| Bats | 35 | 82 | 114 |
| Shoes | 56 | 101 | 105 |
| Uniforms | 60 | 46 | 46 |
Compute the lower of cost or market for ending inventory applied separately to each product.
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College Accounting A Practical Approach 1-15
Authors: Jeffrey Slater
4th Edition
013142050X, 978-0131420502
